INVESCO SELECT TRUST PLC — Proxy Solicitation & Information Statement 2022

Aug 18, 2022

GENERAL MEETING OF THE SHAREHOLDERS OF THE BALANCED RISK ALLOCATION SHARE CLASS OF INVESCO SELECT TRUST PLC (THE 'COMPANY')

Notes to your Proxy Form

If you are a registered Balanced Risk Allocation shareholder and you are unable to attend the meeting you may appoint a proxy to attend and, on a poll, to vote on your behalf. Appointing a proxy does not prevent a shareholder from attending and voting in person. It is recommended that shareholders exercise their votes by means of registering them with the Company's registrar ahead of the meeting and appoint the Chairman of the meeting as their proxy.

1. Appointing a proxy

If you wish to appoint someone other than the Chairman as your proxy please insert their full name in the box provided. A proxy need not be a member of the Company, but must attend the meeting in order to represent you.

You are entitled to appoint more than one proxy provided that each proxy is appointed to exercise rights attached to a different share or shares held by you. To appoint more than one proxy you may photocopy this form or (an) additional Proxy Form(s) may be obtained by contacting the Registrar, Link Group, on 0371 664 0391 (from the UK), or +44(0)371 664 0391 (from outside the UK). Calls are charged at the standard geographical rate and will vary by provider. Lines are open from 9am to 5.30pm, Monday to Friday excluding public holidays in England and Wales. All forms must be signed and should be returned together in the same envelope. When two or more valid, but differing Proxy Forms are delivered in respect of the same share for use at the same meeting and in respect of the same matter, the one which is delivered last (regardless of its date or the date of its execution or submission) shall be treated as replacing and revoking the other or others as regards that share. If the Company is unable to determine which Proxy Form was last validly delivered, none of them shall be treated as valid in respect of that share.

1. How to complete your Proxy Form

(a) To direct your proxy how to vote on the resolution, mark the appropriate box on your Proxy Form with an 'X'. To withhold your vote for the resolution, select the relevant 'vote withheld' box. A vote withheld is not a vote in law and will not be counted in the calculation of the proportion of votes for and against the resolution. If no voting instruction is given, your proxy will vote or withhold from voting at his or her discretion.

(b) If the proxy is being appointed in relation to less than your full voting rights, please include in the box next to the proxy holder's name the number of shares in relation to which they are authorised to act as your proxy.

(c) Please sign and date your Proxy Form where shown in the spaces provided.

(d) If someone else signs your Proxy Form on your behalf, the authority entitling them to do so, or a certified copy of it, must accompany the Proxy Form.

(e) In the case of a corporation, your Proxy Form must be executed under the corporation's common seal, or be signed on its behalf by an attorney or duly authorised officer.

(f) In the case of joint holders, the signature of the first-named on the Register of Members, in respect of the joint holding, shall be accepted to the exclusion of the other holders.

To be held at: the offices of Invesco at, 43-45 Portman Square, London W1H 6LY

On: 4 October 2022 at 11.15am.

PROXY FORM FOR BALANCED RISK ALLOCATION SHAREHOLDERS

Invesco Select Trust Plc (the 'Company')

We the undersigned, being (a) Balanced Risk Allocation shareholder(s) of the above Company hereby appoint the Chairman of the meeting or the following person.

Event Code:

Please leave this box empty if you have selected the Chairman as your proxy.

as my/our proxy to attend. speak and vote for me/us and on my/our behalf as directed below at the General Meeting of the Balanced Risk Allocation Share Class of Invesco Select Trust plc to be held at 11.15am on 4 October 2022 at 43-45 Portman Square, London W1H 6LY and at any adjournment thereof.

THE RESOLUTIONS

Please mark 'X' to indicate how you wish to vote

Special resolution

1. THAT, in accordance with section 630 of the Companies Act and articles 5.6.2 and 8 of the articles of association of the Company, this separate general meeting of the holders of the Balanced Risk Allocation shares of 1 penny each in the capital of the Company hereby irrevocably consents to and sanctions the passing of the resolution numbered 17 set out in the notice of the annual general meeting of the Company to be held on 4 October 2022 and every variation, modification or abrogation of the rights, privileges and restrictions attaching to the Balanced Risk Allocation shares of 1 penny each in the capital of the Company as a class of shares that will or may be effected thereby.

Returning the form

This form may be returned by any of the following methods: by post in the pre-paid envelope provided, by courier or by hand to the Company's Registrar at Link Group, Unit 10, Central Square, 29 Wellington Street, Leeds, LS1 4DL or, in the case of CREST members, by using the CREST electronic proxy appointment service. CREST members should refer to the Notes to the Notice of the General Meeting which can be found on pages 101 and 108 of the Annual Financial Report for the year ended 31 May 2022. In each case, the Proxy Form must reach the office of the Registrars of the Company no later than 48 hours before the time of the meeting (excluding weekends and bank holidays) with any authority under which it is signed.

Signature

Date

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Location of Annual General Meeting:
To be held at 11.15am on 4 October 2022 at 43-45 Portman Square, London W1H 6LY

Please return using addressed envelope supplied